multiplier


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multiplier

1 a number applied by multiplication to a MULTIPLICAND to produce a figure for damages in cases of future loss, which would produce an appropriate but notional annuity equivalent to the loss but which will itself be exhausted at the time of the notional death.

In calculating damages for future loss of earnings, courts are faced with the difficulty that the person is not earning the money and is not going to earn the money, so they have to make a hypothetical calculation. It would be to overcompensate to subtract the plaintiff ‘s age from the retirement age and multiply the annual wage loss (as adjusted by various factors to become a multiplicand) by that figure. That would provide a capital sum immediately and would not reflect the fact that the last pound would not have been earned for many years. Secondly, there are the vicissitudes of life. Not everyone lives to retirement age. Accordingly, multipliers are now found from appropriate use of the actuarial Ogden tables and the government lays down a standard notional rate of return upon which to base the calculation.

2 an old word for an alchemist, who pretended to increase the quantity of gold or silver.
References in periodicals archive ?
The comparison of number of transistors required for 8x8 conventional multiplier and 8x8 GDI based Multiplier is performed in Table.
In the case of zero lower bound (ZLB) interest rate situation the multiplier for output is >unity.
sup][12] reported a decreased adult height in patients after chemotherapy and therefore Paley's multiplier method overestimated the height of patients with bone tumors (range: −17 to 8 cm, mean 2.
We exploit local geographic variation in DOD spending to estimate the magnitude of the fiscal multiplier.
This approach highlights a number of interesting points: (1) the multiplier works as long as unemployment exists.
This multiplier is measured by dividing the share's market price by its share of the company's profits.
However, if the assumptions are incorrect, then the approach may lead to less reliable multiplier estimates than the most basic form of time series models.
Rebelo, "When Is the Government Spending Multiplier Large?
We did not answer these questions in our research; rather, we chose to focus on the opportunities and the benefits of multiplier leadership.
The relative size of the multiplier can provide some insights into the regional and state economy.
Studies have examined the multiplier under different economic conditions, such as Baum, et al.
The price equates to $123,750 per unit, a gross rent multiplier of 8.